The Netherlands have offered the following relief measures for VAT entrepreneurs who are affected by the consequences of the COVID-19 outbreak:

 

  • VAT entrepreneurs can file a request to postpone payments of VAT (and also wage tax, corporate income tax, personal income tax and several other taxes). The standard payment extension is 3 months. This relief measure will be applicable until June 19th 2020, at least.

 

  • If 3 months payment extension will not be sufficient, VAT entrepreneurs can file a request for a longer payment extension. If the current total tax debts (other taxes included) exceeds a € 20.000 threshold, an expert’s statement must be filed with the Dutch tax authorities evidencing that the payment difficulties are related to the COVID-19 outbreak. Our government has not yet announced the requirements for the contents of such statement. This relief measure will be applicable until June 19th 2020, at least.

Be aware: the deadlines for filing VAT returns are not extended.

 

  • VAT entrepreneurs will not have to pay fines for late payment to the tax authorities.

 

  • The regular collection interest rate (for payments after the payment term has passed) and the tax interest rate have both been decreased  temporarily to 0,01%.

 

  • VAT entrepreneurs can file a request to unblock their “G-account”. A “G-account” is a frozen bank account that is only used to make VAT payments (and wage tax payments) to the Dutch tax authorities.

 

This is the current status of the VAT-related relief measures (April 14th, 2020). Keep in mind that information changes rapidly.
If you would like to know more about this blog, or if you would like us to assist you, please contact us on +31 (0)344 621 222.